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RoadRunner Recycling Raises $28.6 Million in Series C Funding to Continue US Expansion, Double Team Size and Elevate Recycling in a World Dominated by Waste

Mar 17, 2020•over 5 years ago

Amount Raised

$28 Million

Round Type

series c

Pittsburgh

Description

RoadRunner Recycling, the innovative technology platform built for commercial recycling, today announced it raised a $28.6 million Series C financing round. The round was co-led by e.ventures and Greycroft with additional participation from Franklin Templeton and existing investors, Adams Capital Management and FJ Labs. The funds will be used to double the size of the company’s current team, invest in its world-class AI/machine learning technology, and continue its U.S. expansion in current markets and launch in up to 10 new markets, including Austin, Phoenix and San Diego

Company Information

Company

Road Runner Recycling

Location

Pittsburgh, Pennsylvania, United States

About

RoadRunner Recycling is on a mission to elevate recycling in a world dominated by waste. The company provides customized and sustainable materials management solutions, supported by technology and engineered to serve thousands of commercial businesses from more than 20 industries across the country. RoadRunner leverages its proprietary technology and expertise to boost cost savings, improve recycling rates, streamline waste operations, and deliver an unparalleled customer experience that drives sustainability for the waste industry, and our world, forward. For more information on RoadRunner and its services visit: https://www.roadrunnerwm.com/

Funding Insights

Based on industry data
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